Explore Capital Management, LLC

Q4 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
12/31/2025
Date filed
2/11/2026
Form type
13F-HR
Num holdings
14
Total value ($000)
$120,614
Net value change ($000)
-41,089 (-25.4%)
New positions
4
Sold out positions
5
Turnover %
68.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/11/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MA 13,701 NEW
MU 9,304 NEW
V 8,066 NEW
META 5,710 NEW
SPGI 4,281 41.9%
AEM 34 0.6%
Top Reduces (Value $000, Stocks/ETFs)
WDAY -13,178 -100.0%
FLUT -9,886 -100.0%
MRVL -9,657 -100.0%
WCN -6,856 -100.0%
HDB -6,662 -65.3%
THC -5,821 -57.0%
TMO -5,723 -100.0%
OWL -5,599 -37.6%
TSM -4,704 -27.2%
NU -4,077 -42.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type